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All companies registered in Cyprus are subject to the annual levy payment of 350 EUR under the provisions of the Companies Laws (Cap. 113).
If the payment is not submitted to the Registrar of Companies by the 30th of June 2016, penalties will apply:
- If the levy is paid between 01.07.2016 and 30.08.2016, then the amount due is €385.
- If the levy is paid between 01.09.2016 and 30.11.2016, then the amount due is €490.
- If the levy is paid later than the 30.11.2016, then the amount due is €500.
In case of pending annual levy payments from previous years, the payable amounts are determined according to the following table:
|
Annual Levy Amount |
Year |
|
490 EUR |
2015 |
|
490 EUR |
2014 |
|
490 EUR |
2013 |
Please note that the Registrar of Companies may proceed to the strike-off of the companies that fail to fulfil their statutory obligation to pay the annual levy.
As the strike-off may be cancelled only by a Court Order, it is essential to proceed to the annual levy payment as soon as possible in order to avoid any onerous penalties and other unnecessary expenses.
In case you require any further clarifications or the list of your companies that are subject to the annual levy payment, please get in touch with our Corporate Team.
